Global Ligation Devices Market size will expand exponentially through 2032. Increasing investments by the government in healthcare infrastructure is a major driver behind the market growth. In October 2022, the U.S. government announced an investment of around USD 110 million to improve healthcare for the rural population. Moreover, industry players in this space are focusing on mergers and acquisition strategies to reinforce their position. Citing an instance, in August 2022, CONMED Corporation, a leading medical technology manufacturer, acquired Biorez, Inc., a medical device start-up.
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The overall ligation devices market is segmented based on product, procedure, application, end-use, and region.
The ligation instruments market share will grow at a lucrative CAGR from 2023 to 2032. Surging cases of cardiovascular disorders have increased the number of surgeries, propelling the need for ligation instruments. According to CDC, around 60 million women are diagnosed with some form of heart disease in the U.S. alone. Moreover, surging efforts by industry players toward launching ligation instruments with advanced capabilities will further contribute to segment growth.
Regarding application, ligation devices market value from the urological surgery segment will amass significant gains through 2032. Rising prevalence of urological conditions such as bladder cancer, prostate cancer, and others has increased the need for urological surgeries, elevating the demand for ligation devices. To illustrate, as per the American Cancer Society, in 2023, around 82,290 new cases of bladder cancer are estimated to be diagnosed in the U.S. alone.
With respect to end-use, the ligation devices market size from the ambulatory surgical centers segment will expand notably through 2032. The availability of advanced ligation equipment in these facilities has increased patient preference. Moreover, the surging demand for outpatient surgeries has further increased the demand for ambulatory surgical centers (ASCs). The increasing number of ASCs worldwide has led to a surge in the demand for ligation devices, resulting in market expansion.
From the regional standpoint, Europe ligation devices market share will grow at a notable CAGR from 2023 to 2032. Increasing demand for minimally invasive procedures coupled with the rising prevalence of chronic diseases such as cancer, heart disease, and others have increased the demand for ligation devices in the region. Moreover, the flourishing healthcare sector will further pave the way for regional growth. Significant investments by regional players in product innovations will also positively affect the industry landscape.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
1.7.1 Primary
1.7.2 Secondary
1.7.2.1 Paid sources
1.7.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Ligation devices industry 360º synopsis, 2018 – 2032
2.2 Business trends
2.3 Regional trends
2.4 Product trends
2.5 Procedure type trends
2.6 Application trends
2.7 End-use trends
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Global Ligation Devices Market Report: By Product (Handheld Instruments, Accessories), Procedure (Minimally Invasive Surgery, Open Surgery), and Application (Gastrointestinal and Abdominal, Gynecological, Urological Applications)—Global Forecast till 2024Market HighlightsLigation devices are used during surgeries for closing incisions or to join separated organs/tissue parts.
According to the Centers for Disease Control and Prevention in 2017, Coronary heart disease (CHD) was estimated to be the most common type of heart disease within the US and was projected to cause 370,000 per year.
However, the high cost of surgery and related side effects are estimated to restraint the market growth.The global ligation devices market is expected to register a CAGR of 6.7% during the forecast period of 2019 to 2024.Market Research Future (MRFR) recognizes the following companies as the key players in the global Ligation Devices Market that includes Medtronic, Johnson & Johnson, The Cooper Companies, Inc., Conmed Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Olympus Corporation, Applied Medical Resources Corporation, Grena Think Medical, Genicon, Inc.Request Free Sample @ https://www.marketresearchfuture.com/sample_request/7794 Regional AnalysisThe Americas dominated the global ligation devices market in 2018.
Moreover, the presence of developed economies (Germany, France, UK) boosts the market growth.Asia-Pacific was the fastest growing region for the global ligation devices market in 2018.
According to the Indian Brand Equity Foundation in 2017, the Indian healthcare sector was estimated to be one of the fastest growing industries and is estimated to reach USD 280 billion by 2020 with a CAGR of 22.87% from 2015.On the other hand, the Middle East and Africa held the least share in the global ligation devices market.
SegmentationThe global ligation devices market is segmented based on product, procedure, application, end user, and region.On the basis of product, the market is segmented into handheld instruments and accessories.
Global Ligation Devices Market Report: By Product (Handheld Instruments, Accessories), Procedure (Minimally Invasive Surgery, Open Surgery), and Application (Gastrointestinal and Abdominal, Gynecological, Urological Applications)—Global Forecast till 2027Market research future will be publishing a Half cooked research report on “Global Ligation Devices Market” that contains the information from 2019 to 2024.
Ligation Devices Market is expected to grow at a CAGR 6.7% during the forecast period of 2019 to 2024.Market Research Future (MRFR) recognizes the following companies as the key players in the global Ligation Devices Market that includes Medtronic, Johnson & Johnson, The Cooper Companies, Inc., Conmed Corporation, B. Braun Melsungen AG, Teleflex Incorporated, Olympus Corporation, Applied Medical Resources Corporation, Grena Think Medical, Genicon, Inc.Market HighlightsLigation devices are used during surgeries for closing incisions or to join separated organs/tissue parts.
According to the Centers for Disease Control and Prevention in 2017, Coronary heart disease (CHD) was estimated to be the most common type of heart disease within the US and was projected to cause 370,000 per year.
However, the high cost of surgery and related side effects are estimated to restraint the market growth.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7794SegmentationThe global ligation devices market is segmented based on product, procedure, application, end user, and region.On the basis of product, the market is segmented into handheld instruments and accessories.
Based on procedure, the market is segmented into minimally invasive surgery and open surgery.
The application segment is segmented into gastrointestinal and abdominal applications, cardiovascular applications, gynecological applications, urological applications, and others.
